OK HB3683

Expands eligible military service credit in the Oklahoma Public Employees Retirement System (OPERS) from only wartime service periods to any military service, including service during federal draft periods, reservist/national guard duty under federal law, or voluntary active duty enlistment

Maintains the existing 5-year maximum cap on combined military service credit that can be purchased for participating and/or prior service

Amends the Oklahoma Pension Legislation Actuarial Analysis Act (OPLAAA) to classify this military service definition change as a "nonfiscal retirement bill," exempting it from actuarial cost analysis requirements

Section 1 (OPLAAA amendments) becomes effective October 1, 2026; Section 2 (OPERS definition changes) becomes effective November 1, 2026

Legislative actuary certified the bill as nonfiscal under OPLAAA as amended by this legislation